Lante Optics(SH:688127)2022-04-21 16:00Financial Performance - The company has not yet achieved profitability since its listing [4]. - The company achieved operating revenue of CNY 415,483,740.36 in 2021, a decrease of 5.34% compared to the previous year, primarily due to a decline in sales of long bar prism products [20]. - Net profit attributable to shareholders was CNY 140,002,782.39, down 23.49% year-on-year, mainly due to changes in revenue structure leading to a 7.6 percentage point decrease in gross margin [22]. - The net profit after deducting non-recurring gains and losses was CNY 106,013,255.66, a decline of 33.74% compared to the previous year, with the decrease in this figure being greater than that of net profit [22]. - Basic earnings per share were CNY 0.35, a decrease of 28.57% from the previous year, while diluted earnings per share also stood at CNY 0.35 [21]. - The gross profit margin for the reporting period was 50.06%, indicating a relatively high level of profitability [73]. - The company’s operating costs rose by 11.63% to CNY 207,473,150.79, influenced by changes in revenue structure [80]. - The company confirmed share-based payment expenses of CNY 7,745,893.86 due to the implementation of an equity incentive plan [79]. Research and Development - Research and development expenses accounted for 10.61% of operating revenue, an increase of 4.41 percentage points compared to the previous year [21]. - The total R&D expenses for the year amounted to CNY 44,075,142.18, representing a 62.05% increase compared to the previous year [53]. - R&D expenses, excluding share-based payment amounts, were CNY 40,686,312.53, which is an increase of CNY 13,487,154.97 or 49.59% year-over-year [54]. - The number of R&D personnel increased to 130, accounting for 17.15% of the total workforce [33]. - The company obtained 23 new domestic patents, including 3 invention patents and 20 utility model patents during the reporting period [33]. - The company has developed multiple core technologies in optical processing, including ultra-high precision glass processing and high-precision optical lithography [68]. - The company is focusing on integrating advanced technologies to meet diverse customer needs and improve product reliability [47]. Operational Risks and Governance - The company has detailed various operational risks and corresponding mitigation measures in the report [4]. - The company has received a standard unqualified audit report from Tianjian Accounting Firm [5]. - The company has not disclosed any special arrangements for corporate governance [8]. - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors [7]. - The company has established a governance structure that operates effectively according to relevant laws and regulations, ensuring decision-making professionalism and efficiency [122]. - There were no significant differences between the company's governance and the regulations set by the China Securities Regulatory Commission [122]. - The company has not reported any changes in the implementation of differential voting rights during the reporting period [125]. Market and Product Development - The company is currently advancing new projects, with new factory facilities undergoing internal decoration and equipment installation [33]. - The company’s optical prism products are primarily used in facial recognition technology for smartphones, while non-spherical glass lenses are applied in various optical devices [35][36]. - The optical components industry is experiencing a shift towards digitalization, high-definition, and miniaturization, expanding applications beyond traditional optical instruments [44]. - The company aims to achieve high-efficiency mass production of optical components for high-magnification optical zoom in smartphones [58]. - The company is committed to expanding its product applications in emerging fields such as consumer electronics and automotive electronics [119]. Environmental and Social Responsibility - The company emphasizes the importance of ESG, integrating it into its corporate culture and operations, focusing on environmental protection and sustainable development [164]. - The company has taken various measures to ensure compliance with environmental protection laws and regulations, including waste treatment and emissions control [164]. - The company consumed approximately 27.43 million kilowatt-hours of electricity during the reporting period, resulting in greenhouse gas emissions of 21,500 tons, with emissions of 0.52 tons per ten thousand yuan of output value [169]. - The company made a total investment of CNY 278,000 in social welfare and educational support during the reporting period [180]. - The company actively engages in social responsibility initiatives, including the establishment of a union to protect employee rights and welfare [165]. Shareholder and Management Information - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares, totaling RMB 60,426,750.00, which represents 43.16% of the net profit attributable to shareholders [6]. - The total number of shares held by the chairman and general manager, Xu Yunming, remained unchanged at 150,690,400 shares, with a pre-tax remuneration of 810,000 RMB [127]. - The total number of shares held by director Yao Liang increased by 400,000 shares to 1,252,000 shares due to equity incentives, with a pre-tax remuneration of 506,600 RMB [127]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to RMB 2.89 million [135]. - The company has established a performance evaluation mechanism for senior management, with independent directors supervising the implementation of the compensation system [160].